KUALA LUMPUR, March 24, 2025 — Anwar Ibrahim finds himself trapped in a political quagmire as Sapura Energy’s rescue ignites debate. The firm, 40% owned by state fund PNB—where Anwar chairs the investment arm—supports Malay contractors, a key voting bloc he aims to sway from Islamist rivals. Opposing bailouts once, Anwar now risks alienating critics who accuse him of bowing to Malay elites. “He’s forced to compromise, stalling his popularity,” said Ibrahim Suffian of Merdeka Centre. The vendors who will benefit from the bailout of Sapura Energy are almost entirely ethnic Malay contractors and sub-contractors. Politics… CNA
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